Genband, which has investors including Germany-based industrial comp Siemens’ corporate venturing unit as well as Texas Instruments and Intel, the US-based semiconductor companies, acquired Verizon-backed Aztek Networks on Tuesday.
Genband has previously raised an estimated $173m in its history, based on its filings with US regulator the Securities and Exchange Commission. As well as being backed by Siemens Venture Capital and Intel Capital, Genband is also backed by healthcare foundation the Wellcome Trust, and venture firms Investcorp Technology Ventures, Thomas Weisel Partners, JVP, Trellis Partners, GGV Capital, Summerhill Venture Partners, INVESCO Private Capital Group, Telesoft Partners, Core Capital Partners,, and Columbia Partners Private Capital.
Other previous announced backers include telescope company Protostar, investment firm Oak Investment as well as venture firms Sevin Rosen, Venrock Associates, Thomas Weisel Capital Partners, Trellis Partners, Star Ventures, Wheatley Partners, Granite Global, UV Partners, Kinetic Ventures, Access Venture Partners, and HLM.
Aztek had previously raised an estimated $43.5m, based on its Securities and Exchange Commission filings.Aztek is backed by Verizon Ventures and venture capital firms Grotech Ventures, TDF, Legend Ventures, Pelion Ventures, Kinetic Ventures and Access Venture Partners.